The aim of the course is to acquaint the students with the picture of accounting at the contemporary level of its development. The accent is put on the ability to use accounting data in the company management, understand its information values recorded in financial statements in compliance with generally accepted accounting principles and conception of accounting according to IFRS.
Students will be able to use theoretical knowledge in the sphere of accounting as well as in all related spheres, furthermore, they will be able to compare the Czech accounting system with IFRS, know how to select appropriate methods in order to solve single accounting transactions, present its impact on specialists and laics and defend its solutions with adequate arguments.

Prerequisites

The course assumes basic knowledge of double entry bookkeeping at the undergraduate level, including the framework knowledge of Czech accounting legislation. The advantage is the knowledge of Czech commercial law at undergraduate level of economic fields of study.

The assignment is granted upon completion of the following conditions: completion of two correspondence tasks (within electronic course), passing the written test (it examines the ability to solve selected problems of financial accounting and determine its practical impact on statement of balance). Student have to obtain form the written text 65 % of marks minimally. The examination is written (the first term), resp. oral (next terms). It examines the ability to interpret comprehensively selected accounting transactions in contexture as well as the ability to discuss financial accounting at professional level.